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Monthly report

Dubai property market — February 2008

Every figure below comes from sale transactions registered with the Dubai Land Department and dated inside February 2008. Mortgages and gifts are excluded; the register's own record of a sale is the only source.

Sales988Registered in February 2008up278.5% vs a year earlier
Total valueAED 9.06BRegistered in February 2008Across 75 communities
Price per sqftAED 699/sqftMedian across February 2008up108.5% vs a year earlier
Sale priceAED 2.50MMedian across February 20080% sold off-plan

In a sentence

The Land Department registered 988 property sales in February 2008, worth AED 9.06B in total, across 75 communities. That is 279% more than the same month a year earlier.

The median sale was AED 2,500,000 at AED 699/sqft, 108.5% above the same month last year. 0% of sales were off-plan.

Marsa Dubai was the busiest community with 381 registered sales, while Al Ttay took the most money at AED 1.57B.

Against the previous month, Palm Jumeirah rose 25% to 110 sales, while Marsa Dubai fell 10% to 381.

Sales by month

Price per square foot by month

Median price per sqft

Where the sales were

The fifteen communities with the most registered sales in February 2008, and how each moved against the month before.

CommunitySalesvs priorTotal valueMedian pricePrice/sqftOff-plan
Marsa Dubai381-9.7%AED 759.23MAED 949KAED 674/sqft0%
Palm Jumeirah110+25.0%AED 610.99MAED 2.80MAED 388/sqft0%
Al Ttay87—AED 1.57BAED 19.00MAED 950/sqft0%
Al Thanyah Third47-28.8%AED 85.35MAED 844KAED 509/sqft0%
Al Thanayah Fourth40-69.2%AED 105.60MAED 2.10MAED 616/sqft0%
Wadi Al Safa 630-63.9%AED 75.79MAED 2.21MAED 319/sqft0%
Al Ruwayyah28+100.0%AED 212.28MAED 7.14MAED 279/sqft0%
Al Warsan First23-64.6%AED 331.07MAED 12.62MAED 1,062/sqft0%
Al Thanyah Fifth22+175.0%AED 525.04MAED 6.80MAED 673/sqft0%
Jabal Ali Industrial First20+150.0%AED 539.04MAED 27.27MAED 1,350/sqft0%
Mirdif18-30.8%AED 158.13MAED 6.57MAED 633/sqft0%
Al Jadaf16-75.4%AED 270.88MAED 16.04MAED 1,137/sqft6%
Hor Al Anz13+30.0%AED 42.41MAED 2.40MAED 901/sqft0%
Al Warqa First12—AED 125.86MAED 11.23MAED 750/sqft0%
Al Nahda Second7+75.0%AED 233.99MAED 21.29MAED 1,107/sqft0%

Where the money went

Ranked by total registered value rather than count — a different list, and the one that shows where capital actually landed.

CommunityValueSales
Al TtayAED 1.57B87
Marsa DubaiAED 759.23M381
Al Safouh SecondAED 750.00M2
Palm JumeirahAED 610.99M110
Burj KhalifaAED 553.31M6
Jabal Ali Industrial FirstAED 539.04M20
Al Thanyah FifthAED 525.04M22
Al HamriyaAED 350.00M1
Al Warsan FirstAED 331.07M23
Al JadafAED 270.88M16

Biggest movers

Change in registered sales against the previous month. Limited to communities with at least 50 sales in both — below that a swing is noise.

CommunitySalesChange
Palm Jumeirah110+25.0%
Marsa Dubai381-9.7%

The largest sales of February 2008

Each row links to its own register record, so any figure in this report can be traced to the transactions behind it.

Registered property transactions from the Dubai Land Department
DateCommunityProject / buildingTypeBedsSizePrice/sqftPrice
28 Feb 2008Al Safouh Second—BuildingExisting PropertiesNot specified167,800 sqftAED 4,172/sqftAED 700,000,000
19 Feb 2008Al Thanyah Fifth—DMCC Master CommunityBuildingExisting PropertiesNot specified17,760 sqftAED 21,396/sqftAED 380,000,000
20 Feb 2008Al Hamriya—BuildingExisting PropertiesNot specified63,920 sqftAED 5,476/sqftAED 350,000,000
20 Feb 2008Trade Center First—BuildingExisting PropertiesNot specified10,000 sqftAED 25,000/sqftAED 250,000,000
5 Feb 2008Marsa DubaiESCAN MARINA TOWERDubai MarinaVillaExisting PropertiesNot specified35,445 sqftAED 6,207/sqftAED 220,000,000
14 Feb 2008Burj KhalifaUPPER CRESTDownTown DubaiBuildingExisting PropertiesNot specified40,778 sqftAED 4,537/sqftAED 185,000,000
11 Feb 2008Burj KhalifaSTAR HILL TOWERS & GALLAERYBusiness BayLandExisting PropertiesNot specified150,028 sqftAED 1,200/sqftAED 180,000,000
12 Feb 2008World Islands—The WorldLandExisting PropertiesNot specified1,860,539 sqftAED 94/sqftAED 175,000,000
21 Feb 2008Burj KhalifaONE BUSINESS BAYBusiness BayLandExisting PropertiesNot specified65,786 sqftAED 1,200/sqftAED 78,942,000
20 Feb 2008Al Karama—BuildingExisting PropertiesNot specified39,600 sqftAED 1,894/sqftAED 75,000,000

Source: Dubai Land Department open data, retrieved from the Digital Dubai data.dubai platform. Figures cover registered transactions and Ejari-registered tenancy contracts, and are statistical summaries of public record — not a valuation of any individual property. Registration data can be amended or backdated by the source after first publication.